Home: Message List - TAXES Capital Gain

Re: TAXES Capital Gain

Bridge — Tue, 03 Jun 2008 22:23:55 GMT

Getting advice from an experienced business broker may help....

You can potentially use a 1031 like-kind-exchange to defer taxes on a real estate transaction. Additionally, depending on your financial situation, there are many creative things you can do in a sale to defer taxes.

Re: TAXES Capital Gain

TommyJoe — Fri, 02 Nov 2007 14:36:14 GMT

Thank you !

Re: TAXES Capital Gain

DomainDiva — Fri, 02 Nov 2007 14:25:19 GMT

Don't try to figure this out on your own. Find an accountant that specializes in real estate and property.

Re: TAXES Capital Gain

TommyJoe — Fri, 02 Nov 2007 14:24:51 GMT

My accountant was never involved with selling a business.. We are a LLC. So far Financial Advisor is the best idea

Re: TAXES Capital Gain

LUCKIEST — Fri, 02 Nov 2007 14:00:12 GMT

Do you have an Accountant?? Are you a Corporation??
Sell your motel for the most that you can get. Then find yourself a GOOD Accountant or Financial Advisor.
Good luck, LUCKIEST

TAXES Capital Gain

TommyJoe — Fri, 02 Nov 2007 13:29:22 GMT

I own a small motel ( http://www.amandasvillagemotel.com ) and I am thinking about selling it to relocate to another state to start a different business. I am trying to figure out the best way to work with capital gain during the changeover to make the transaction smooth so I do not pay more than I need to ?